Elpida Memory has said that it has now successfully consolidated its
Taiwan-based Rexchip Electronics Corporation into a subsidiary of
Elpida. Elpida acquired a portion of the Rexchip shares held by
Powerchip Semiconductor (PSC) and its subsidiary companies to raise its
holding in Rexchip to 52%.

The move is now being seen as a precautionary defence to efforts being made by the Taiwan Government to consolidate all of Taiwan’s DRAM memory manufacturers under a new holding company. It has been reported that either Micron Technology or Elpida would be invited to become the long-term partner of the new company.